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Bitcoin Intraday: the downside prevails as long as 119350 is resistance

Jul 23, 2025 9:40 AM
the downside prevails as long as 119350 is resistance.
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Our pivot point stands at 119350.
Our preference:
the downside prevails as long as 119350 is resistance.
Alternative scenario:
the upside breakout of 119350, would call for 120540 and 121250.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 119057 and 119071).
Supports and resistances:
121250 **
120540 *
119350 **
118880
118345 last
116930
116220 **
115510 *
114800 **
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